Tonight's ceremony will be hosted by former commission vice-president and current MEP Viviane Reding, in the beautiful Concert Noble just a stone's throw from the European institutions.
After nearly 500 MEPs submitted their votes, we look forward to unveiling this year's winners. For more information, go to http://www.mepawards.eu or follow us on Twitter @Parlimag for live coverage throughout the night.
Click here to see a video of what last year's winners had to say to this year's nominees.
Congratulations once again to this year's shortlisted deputies:
Agriculture: Nicola Caputo, Jan Huitema, Viorica Dăncilă
Animal welfare: Bas Eickhout, Sirpa Pietikäinen, Janusz Wojciechowski
Best newcomer: Miriam Dalli, Urmas Paet, Hugues Bayet, Eva Paunova, Pavel Svoboda
Corporate governance: Ilhan Kyuchyuk, Evelyn Regner, Ashley Fox
Development: Nirj Deva, Davor Ivo Stier, Eleni Theocharous
Digital agenda: Victor Negrescu, Michał Boni, Marietje Schaake
Economic and monetary affairs: Sven Giegold, Pablo Zalba Bidegain, Jean Arthuis
Employment and social affairs: Martina Dlabajová, Anthea McIntyre, Georgi Pirinski
Energy: Miroslav Poche, Adina-Ioana Vălean, Algirdas Saudargas
Environment: Pavel Poc, Simona Bonafè, Gerben-Jan Gerbrandy
Health: Daciana Octavia Sârbu, Alojze Peterle, Bart Staes
ICT: Julia Reda, Paul Rübig, Pilar del Castillo Vera
Justice and civil liberties: Lidia Geringer De Oedenberg, Roberta Metsola, Helmut Scholz
Regional policy: Lambert van Nistelrooij, Liadh Ní Riada, Othmar Karas
Research and innovation: Philippe De Backer, Christian Ehler, Krystyna Łybacka
Trade and internal market: David Martin, Christofer Fjellner, Bernd Lange
Transport: Peter Lundgren, Franck Proust, Roberts Zīle